Short Interest in Vertical Aerospace Ltd. (NYSE:EVTL) Grows By 30.4%

Vertical Aerospace Ltd. (NYSE:EVTL) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 85,300 shares, an increase of 30.4% from the October 31st total of 65,400 shares. Currently, 3.4% of the shares of the company are short sold. Based on an average daily volume of 68,400 shares, the days-to-cover ratio is currently 1.2 days.

Vertical Aerospace Stock Up 16.2 %

EVTL opened at $10.10 on Monday. Vertical Aerospace has a 52 week low of $3.55 and a 52 week high of $12.79. The business has a 50 day moving average price of $7.16 and a two-hundred day moving average price of $54.57.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EVTL shares. Raymond James reaffirmed a “market perform” rating on shares of Vertical Aerospace in a research report on Tuesday, November 26th. Canaccord Genuity Group raised their target price on shares of Vertical Aerospace from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays upped their price target on shares of Vertical Aerospace from $0.75 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, November 21st.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.